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GERMANY – COULD MOBILE PAYMENTS BECOME MEANINGLESS?
Instead of counting notes and coins or entering a PIN, mobile payments on smartphones have the potential to become a popular method of payment in Germany. Google Pay is already available in Germany, in theory, and Apple Pay plans to launch this year. But do the applications work and will Germans embrace mobile payments? How [...]
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GROWING PAINS: RBI ORDERS A STOP TO PAYTM SERVICE
The growth of Paytm has been exponential as it achieved an annual run rate of 5 billion digital transactions and $50 billion GTV (Gross Transaction Value) in July 2018. Paytm is also the largest contributor to all forms of digital payments including UPI, Wallet and Cards since January 2018. However, the Reserve Bank of India [...]
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APMs CRUCIAL TO BRINGING OMNI-CHANNEL IN STORE
While the phrase ‘time is money’ may seem clichéd, it is becoming increasingly relevant as technology-savvy but busy consumers turn to the internet and alternative payments to make shopping faster and easier. News reports show that the traditional high street shopping experience is dying, and with it traditional methods of payment. In the UK, the [...]
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MPOS TERMINAL MARKET TO GROW AT 18 PERCENT CAGR
The mobile POS terminal market is to reach $55 billion by 2024, according to a new research report by the market research and strategy consulting firm, Global Market Insights. The ubiquitous acceptance of EMV card standards across developed regions, including UK and the US, are the major mobile POS terminal market growth drivers. Initially viewed [...]
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NATWEST PAY TO ELIMINATE DEBIT CARDS IN OPEN BANKING PLAY
NatWest is reported to be trialling a new payments system with Carphone Warehouse enabling consumers to make e-commerce transactions directly with NatWest Pay from their bank accounts without the need to type in debit or credit card numbers. Currently the NatWest Pay trial appears to be limited to iPhones. When it is time to pay, [...]
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